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FP&A Exam Preparation Blog

FP&A Friday: Chapter 7 - Financial Accounting & Reporting

Aug 10, 2018

Join us as we review the FP&A Learning System in our weekly VLOG. This week, let's go through Chapter 7 - Financial Accounting & Reporting.

This week's question is:

What are debt covenants?

A. Restrictions imposed by boards of directors to protect the interests of shareholders
B. Restrictions imposed by shareholders to protect their interests.
C. Generally accepted debt ratios that should not be breached
D. Restrictions imposed by lenders to protect their interests 

Watch the video to find out how to determine the solution, and get the correct answer.

Stay tuned for next week's video on Chapter 8 - Ratio Analysis.

Want more FP&A Friday Videos? You can see them all here.